About UsOur research uses high-frequency item-level data to study pricing topics in Macroeconomics. Billion Prices Project BPP_9730c050-1ebb-11e2-9868-81573736e24cThe Billion Prices Project is an academic initiative that uses prices collected from hundreds of online retailers around the world on a daily basis to conduct economic research. BPP TeamThe BPP is led by Professors Roberto Rigobon and Alberto Cavallo at the MIT Sloan School of Management.
We thank all the current and past MIT students that participated in the project through MIT’s UROP program for their help and enthusiasm.
For our technology and computational needs, we receive outstanding help from Mark Riedesel, Chay Casso, Armand Doucette, Ray Faith, Ken Valentine, and others at Sloan Technology Services. We also thank the members of SIPB at MIT for hosting this page. Roberto Rigobon Professor of Economics, Applied Economics Group,
MIT – Sloan School of ManagementAlberto CavalloAssistant Professor of Economics, Applied Economics Group,
MIT – Sloan School of ManagementMark RiedeselChay CassoArmand DoucetteRay FaithKen ValentineSloan Technology ServicesSIPB at MITMIT Sloan School of ManagementThe Sponsors -
We are extremely thankful to the MIT Sloan School of Management for its financial support.PriceStatsIf you are looking for more high-frequency inflation data across countries and sectors, please contact PriceStats, the company that collects the online data we use in our research initiatives and experimental indexes. http://www.pricestats.com/_9730c6d6-1ebb-11e2-9868-81573736e24cTo use high-frequency item-level data to study pricing topics in Macroeconomics. _9730c7bc-1ebb-11e2-9868-81573736e24cPricing BehaviorStudy pricing behavior_9730c83e-1ebb-11e2-9868-81573736e24c1Pricing Behavior: What drives price stickiness around the world? How much can be explained by current inflation, and inflation histories? How much by competition and industries’ structure? Are prices synchronized?Price StickinessDetermine what drives price stickiness around the world
_9730c8b6-1ebb-11e2-9868-81573736e24c1.1InflationDetermine how much can be explained by current inflation, and inflation histories_9730c92e-1ebb-11e2-9868-81573736e24c1.2Competition & Industry StructureDetermine how much can be explained by competition and industries’ structure_9730c9a6-1ebb-11e2-9868-81573736e24c1.3SynchronizationDetermine whether prices are synchronized_9730ca1e-1ebb-11e2-9868-81573736e24c1.4Daily Inflation & Asset PricesConstruct daily inflation indexes_9730ca96-1ebb-11e2-9868-81573736e24c2Daily Inflation and Asset Prices: We construct daily inflation indexes across countries and sectors and study their ability to match official statistics. We also study the links between daily inflation, asset prices, and inflation expectations.ConsistencyDetermine the ability of our inflation indexes to match official statistics_9730cb22-1ebb-11e2-9868-81573736e24c2.1LinksDetermine the links between daily inflation, asset prices, and inflation expectations_9730cbc2-1ebb-11e2-9868-81573736e24c2.2Pass-ThroughDetermine how much prices adjust internally when the exchange rate, or the international price of commodities change_9730cc4e-1ebb-11e2-9868-81573736e24c3Pass-Through: How much do prices adjust internally when the exchange rate, or the international price of commodities change?Green MarkupsDetermine the premium paid for “green” or “organic” products_9730ccd0-1ebb-11e2-9868-81573736e24c4Green Markups: What premium is paid in stores for “green” or “organic” products? Since we have data from multinational retailers, we can compute premium differences - for exactly the same items- in different places.2012-10-25http://bpp.mit.edu/OwenAmburOwen.Ambur@verizon.net